Good morning lads. On this joyous day when we genuflect and bow down to the ancient creature called the groundhog, I bring you news of broken elevator trading action in both equities and cryptos. Don’t believe any other news story but this, when trying to figure out where it all went wrong. See, people believed in the HODL, tossed money into the furnace, and now it’s gone. Shattered dreams and stretched out credit card balances have led to a 50-90% decline in the crypto currency sector, maligning the major cryptos and reducing their prices to laughable levels of smugness.
This has spilled over into the general market place. After all, total crypto losses are in the magnitude of $400 billion since the highs — real money. Dow futures are now off by 234, but both gold and oil are flat to marginally higher. Over in Europe, the DAX is off by 1.36%.
Here in America, the fucking memo is coming and it will destroy the FBI as we know it. How glorious. While we’re taking out American institutions, why stop there? Does anyone have a memo that might destroy the Federal Reserve or Board of Education? I cannot think of a time when a secret memo lived up to its hype — but this one, according to all of the people close to it, promises that it will.
I’d love to sit here with you and write all day, highlighting the amount of money you stand to lose today — but I must be going now. I have exposure to the markets and need to take a good look at the internals and make a judgement call as to raising cash or buying more. Into the close of trading yesterday, I did raise some cash, so I have some dry powder to work with now.
God speed.
If you enjoy the content at iBankCoin, please follow us on Twitter
Pfffft. Yesterday everything was going to rip higher according to you. Now! To the guillotine, coward!
You have the sense of humor of a coffee table.
There are some fucking hilarious coffee tables out there. The shit Channing Tatum was making in magic mike
BTFD — crypto-style, i.e. mortgage the house, bunker with accoutrements, wife, husband, kids, etc.
Friday fun and games
Regards
Chuck Bennett
No memo. No memo. You’re the memo.
The bounce still seems to be happening.
But will be net short at least till Sunday night.
No worries ladies. The muppets were conditioned to BTFD and buy it they will. All it takes is the usual shills on CNBC and MSM to proclaim all is well, the water is safe to go in again and the lemmings will pile in. Just watch. Even HODLers in the comment section here are buying in “to average” their stash, one of the worst of stupid strategies. The bond market is where rubber meets the road and that still looks solid.
Yellen and China congress is done. Pain time. Notice Japan has lost control of rates. Real money interest rate is being realized as the US and China stop printing.
Well, buying the dip has worked for 9 years. I wouldn’t bet against that just yet.
The dollar is gonna bounce hard.
It needs to be mentioned that economic growth correlates with both rising markets and rising rates.
I knew it. I sold my $UVXY too early. These weak hands have failed me god almighty.
Time stamp this : my price target where i’ll be buying bitcoins is 666.
In other news, get ready for the biggest DUD of all time. #releasethememo. Aside from that it will weaken the USA in the international intelligence community. USA is losing the meaning of the adage : my word is my bond. But what can you do when you elect a pathological liar to the highest office.
Russians are indeed great chess players.
Gayest post ever
Did I triggered your tiny needle dick, poor baby? You cry inside like a little girl? This is why you go through life like it’s still middle school? Be a man, take your bitcoin lost and shut the fuck up.
This is what the Trumpers wanted. A complete dissolution of Federal government and breakup of global alliances. Markets will crater and they will dance to their own graves. Long live the Orange God.
Hahaha, how’s that XIV trade doing ?
Clows.